EUR/USD Breaks Above 1.15 on Eurozone Growth Surprise
Eurozone GDP growth outpaced the US, pushing EUR/USD above 1.15 for the first time since mid-June, according to Commerzbank.
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EUR/USD has climbed back above the 1.15 handle for the first time since mid-June, supported by a growth surprise in the euro area. Commerzbank’s Volkmar Baur noted that Eurozone GDP outpaced US growth on an annualised basis, driving the single currency higher.
The pair’s break above the psychologically important 1.15 level suggests renewed bullish momentum for the euro.
Source: FXStreet Forex News